Liberty Energy Inc. (NYSE:LBRT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Liberty Energy Inc. (NYSE:LBRT - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,261 shares of the company's stock after selling 56,932 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Liberty Energy worth $3,347,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Liberty Energy by 83.5% in the 4th quarter. Franklin Resources Inc. now owns 4,828,712 shares of the company's stock valued at $96,043,000 after buying an additional 2,197,352 shares during the period. JPMorgan Chase & Co. boosted its holdings in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company's stock valued at $60,061,000 after purchasing an additional 1,193,918 shares during the period. American Century Companies Inc. boosted its holdings in Liberty Energy by 10.8% in the fourth quarter. American Century Companies Inc. now owns 5,178,089 shares of the company's stock valued at $102,992,000 after purchasing an additional 505,634 shares during the period. Norges Bank acquired a new position in Liberty Energy during the 4th quarter worth $8,140,000. Finally, Raymond James Financial Inc. purchased a new stake in Liberty Energy during the 4th quarter worth about $6,792,000. Institutional investors and hedge funds own 98.22% of the company's stock.

Insider Activity

In other news, CFO Michael Stock sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the transaction, the chief financial officer now owns 717,292 shares of the company's stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Liberty Energy Stock Performance

Shares of Liberty Energy stock traded up $0.51 on Tuesday, hitting $12.05. The stock had a trading volume of 4,169,575 shares, compared to its average volume of 2,742,362. The company's 50 day moving average price is $14.59 and its 200 day moving average price is $17.49. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 6.44 and a beta of 1.18. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $977.46 million during the quarter, compared to the consensus estimate of $960.64 million. Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. During the same period in the prior year, the company earned $0.48 earnings per share. On average, research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.66%. Liberty Energy's dividend payout ratio is presently 21.19%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Liberty Energy from $23.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday. Wells Fargo & Company reiterated an "equal weight" rating and issued a $11.00 price target (down previously from $20.00) on shares of Liberty Energy in a research note on Tuesday, April 8th. Morgan Stanley raised shares of Liberty Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $20.00 to $25.00 in a research report on Thursday, March 27th. Royal Bank of Canada cut shares of Liberty Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $24.00 to $19.00 in a research report on Monday, March 24th. Finally, TD Cowen increased their target price on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.05.

About Liberty Energy

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.